UK urged to seize space economy opportunities
The UK should act now to secure its place at the forefront of the new global space race, says a UK government-commissioned report out today. The report, by the , is…
German energy alliance to produce e-fuels for military
A group of German industrial and cleantech companies has joined forces to build a Europe-wide network of modular e-fuel production plants for military use. The ‘Giga PtX’ project aims to…
German energy alliance to produce e-fuels for military
A group of German industrial and cleantech companies has joined forces to build a Europe-wide network of modular e-fuel production plants for military use. The ‘Giga PtX’ project aims to…
China’s Refining Giant Jumps Into the Battery Business
China’s biggest refiner, Sinopec, has set up a venture with South Korea’s LG Chem to develop sodium-ion batteries for the storage industry and for “low-speed” electric vehicles, the company said.…
Aramco’s Q3 Profit Climbs to $28 Billion as Oil Output Rise
Saudi Aramco booked a net profit of $28 billion for the third quarter of the year, thanks to its oil production boost as OPEC+ unwound its voluntary output cuts. The…
SM Energy, Civitas Resources Announce $12.8 Billion Merger
SM Energy and Civitas Resources announced an all-stock merger valued at about $2.8 billion in equity, or $12.8 billion including debt, creating one of the largest independent U.S. shale producers…
Aramco Q3 Profit Tops Estimates
Saudi Aramco posted a surprise increase in third-quarter profit as a production boost helped mitigate the impact of lower crude prices and helped the oil giant break a yearslong streak…
Kyiv Links Ukrainian Attacks on Russia To Surge in Western Oil Earnings
Ukraine’s defence agencies are claiming that their campaign of strikes on Russian oil infrastructure, combined with Western sanctions, are indirectly benefiting major Western oil companies. According to The Kyiv Independent,…
Huge UAE Oilfield Could Hike Capacity to 1.5 Million Bpd Earlier than Planned
The giant Upper Zakum oilfield in the UAE could achieve its 2030 target to boost production capacity to 1.5 million barrels per day (bpd) from 1 million bpd earlier than…
Servomex grows specialty gases leadership team
Gas analysis business Servomex has appointed Giovanni De Dona as its Senior Global Product Manager, joining the purity and specialty gases team at the company’s US technical centre in Woburn,…
